Carbonite

A Blockchain-Based freelancing platform, that helps people earn while they perform open-source contribution.

Technologies Used: NEAR Blockchain, Rust, Front End, and Backend Application Development.

Overview

Through blockchain technology, we empower individuals to enhance their resumes while acquiring new proficiencies. As users progress, they simultaneously earn tokens, revolutionizing the way we approach education and employment in the digital era.

Roles

Co-Founder & CEO

Skills

Team Leadership and Management, Strategic Planning and Execution, Product Development and Innovation.

Team

Shryas Bhurat (CEO), Aashish Yadav (COO), Krishna S (CTO), Akhil E (CIO), Darshan V (Blockchain Lead), Akarsh (Design Lead), Utkarsh (Marketing Lead).

Guide: Bhaskar MG, Professor for Entrepreneurship Elective.

User Interviews

We started to understand what motivates students to pursue side hustles and learn new skills. The major factors that resulted in a drop in motivation to complete the coursework (online) were Procrastination, No Competition, and inability to track consistency.

We studied the most revolutionary application in the educational sector, called Duolingo, which has solved the majority of these issues with gamification.

Insights

People want to track progress and need competition to stay consistent.
Extrinsic rewards are a major motivation for humans to pursue and learn new things.
People want to share their wins with the world and get recognized for it.

Design Requirements

Based on our research, the solution needed to have these design requirements:

Users need a rewards-based system that encourages people to complete tasks and learn new skills.

Product Overview

Build your profile based on open-source contribution.

Streamlined freelance gig marketplace across chains.

Some Milestones

Got a grant of $10,000 from the NEAR Foundation, Switzerland.
Incubated by the Indian Institute of Management (IIM) Bangalore's NSRCEL.
Got into the Tezoz Accelerator Program.
Meta Decrypt Dubai Finalist (Top 5 Decentralized Applications)
Winners at Bits Pilani Pitch Tank.
Grew the community to more than 6000+ people.

Market Realities:

Despite our innovative approach and early successes, a careful assessment of the market revealed limited scalability potential at the current juncture. This prompted the difficult decision to discontinue the project, allowing us to refocus our efforts toward ventures with broader market reach and greater long-term viability.

We were building this platform to enhance student productivity and the remote job market.

Page updated

Google Sites

Report abuse